Asia Pacific Microcrystalline Cellulose Market will grow at 6% up to 2024
Date: 2018-09-28   Author: Rahul Varpe  Category: #industry

Endorsed by a widespread application spectrum, microcrystalline cellulose market is projected to gain considerable momentum in the ensuing years. The product is extensively used as an EU approved thickener and emulsifier in the food sector. Not to mention, its usage as a binder in the medical industry has been rather well-documented. MCC industry players have been making substantial investments in research and development program to expand their production capabilities and score an edge over their rivals. Aided by a strong competitive hierarchy, microcrystalline cellulose industry is projected to establish itself in the billion-dollar business league over 2017-2024.

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The pharma space will emerge as a major application arena for MCC market, given that the product is used massively in this industry on account of its unique properties such as compressibility and increased free flow. Produced in a very controlled environment, MCC has neither taste nor color, making it the most viable candidate for a medicinal binder. Being chemically inert, MCC also does not react with other constituents in a tablet. Additionally, it also has necessary qualities of a diluent and small bulk density that enhances its flow characteristics, making it even more suitable for the pharma industry.

MCC’s capability to combine powders into a solid medicinal dose is one of its pivotal characteristics that contributes toward driving MCC market from the pharmaceutical sphere. When used with a polymer coating, MCC helps in making tablets smoother that makes them easy to swallow. Amidst the current healthcare scenario where the elderly require pills even for the most minor disorders, comfort and convenience in dispatching medicines is of vital importance. This trend is expected to continue in the next few years, fueling MCC industry growth.

Speaking along the lines of increase in the rate of pill consumption, it is prudent to mention that lifestyle changes have been a major cause of concern in the recent years, given their detrimental effects on consumer health. A sedentary lifestyle coupled with increased intake of processed foods has led to a significant rise in obesity levels across the globe. According to WHO, around 1.9 million adults are overweight, and a significant portion of this population is obese.

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The drive to make processed food healthy has led to a significant growth in MCC market, since the product has been approved by several food regulatory bodies to be safe food additive. Subject to its bulk density it is used as a calorie reducer, while its fiber density has made it a desirable choice as a fiber supplement. Additionally, the product’s moisture absorbing property has made it popular as an anticaking agent. 

With the expansion of the F&B industry, in tandem with the increasing efforts to eliminate the reputation garnered by the processed food sector, it is rather overt that MCC market will witness a commendable growth rate from food applications over 2017-2024.

MCC market is projected to register a substantial revenue from the Asia Pacific region, given that the continent is a growth hub for the food, pharmaceutical, and personal care sectors. The expansion of the aforementioned industries across the economies of India and China in particular, has been rather appreciable. For instance, the India Brand Equity Foundation (IBEF) states that the personal care industry is India is projected to surpass $20 billion by 2025 which is a significant progress from the industry size of $6.5 billion in 2016.

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Certain cost-effective alternatives such as carboxymethylcellulose and xanthan gum are forecast to slightly hinder the growth of MCC market. However, the ecofriendly nature of MCC production and the incredible benefits of the product as a whole are expected to favor the expansion of MCC industry in the years ahead. As per estimates, MCC market size is likely to witness a CAGR of 5.5% over 2017-2024.
 



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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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